Deutsche Bank AG Has $67.38 Million Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Key Points

• Deutsche Bank AG increased its holdings in Delta Air Lines by 7.2% during the first quarter, owning approximately 1.5 million shares valued at $67.38 million.
• Delta Air Lines declared a quarterly dividend of $0.1875 per share, marking an increase from the previous $0.15, with a yield of 1.4%.
• Several analysts have upgraded their target prices for Delta Air Lines, with Goldman Sachs raising it from $60.00 to $67.00 and BNP Paribas Exane from $58.00 to $70.00, reflecting a positive outlook.

Deutsche Bank AG increased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 7.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,545,316 shares of the transportation company's stock after acquiring an additional 103,488 shares during the period. Deutsche Bank AG owned about 0.24% of Delta Air Lines worth $67,376,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Brighton Jones LLC boosted its position in Delta Air Lines by 33.5% in the fourth quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company's stock valued at $555,000 after buying an additional 2,302 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Delta Air Lines in the fourth quarter valued at about $2,353,000. Sagespring Wealth Partners LLC acquired a new position in Delta Air Lines in the fourth quarter valued at about $275,000. Keystone Financial Group acquired a new position in Delta Air Lines in the fourth quarter valued at about $215,000. Finally, Tribune Investment Group LP acquired a new position in Delta Air Lines in the fourth quarter valued at about $5,264,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on DAL. Bernstein Bank boosted their price target on shares of Delta Air Lines from $60.00 to $66.00 and gave the company an "outperform" rating in a research report on Friday, July 11th. The Goldman Sachs Group boosted their target price on shares of Delta Air Lines from $60.00 to $67.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. BNP Paribas Exane boosted their target price on shares of Delta Air Lines from $58.00 to $70.00 and gave the stock an "outperform" rating in a research note on Friday, July 11th. Citigroup boosted their target price on shares of Delta Air Lines from $62.00 to $65.50 and gave the stock a "buy" rating in a research note on Friday, July 11th. Finally, Morgan Stanley boosted their target price on shares of Delta Air Lines from $88.00 to $90.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $66.21.

Insider Activity

In related news, CEO Edward H. Bastian sold 35,000 shares of the business's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $56.28, for a total transaction of $1,969,800.00. Following the completion of the transaction, the chief executive officer owned 632,823 shares in the company, valued at approximately $35,615,278.44. The trade was a 5.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Steven M. Sear sold 18,000 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $55.96, for a total transaction of $1,007,280.00. Following the completion of the transaction, the executive vice president owned 97,505 shares of the company's stock, valued at $5,456,379.80. This trade represents a 15.58% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 133,973 shares of company stock worth $7,511,746 in the last ninety days. Company insiders own 0.88% of the company's stock.

Delta Air Lines Trading Up 2.2%

Shares of DAL traded up $1.31 on Friday, reaching $60.27. 9,821,226 shares of the company's stock were exchanged, compared to its average volume of 7,508,247. The stock has a market capitalization of $39.35 billion, a P/E ratio of 8.73, a price-to-earnings-growth ratio of 1.84 and a beta of 1.56. The business has a 50 day moving average price of $52.64 and a two-hundred day moving average price of $51.28. The company has a current ratio of 0.38, a quick ratio of 0.33 and a debt-to-equity ratio of 0.74. Delta Air Lines, Inc. has a 12 month low of $34.74 and a 12 month high of $69.98.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued its quarterly earnings data on Thursday, July 10th. The transportation company reported $2.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.01 by $0.09. The firm had revenue of $15,507,000 billion during the quarter, compared to analysts' expectations of $16.16 billion. Delta Air Lines had a net margin of 7.24% and a return on equity of 24.86%. The business's revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.36 earnings per share. Research analysts anticipate that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, July 31st will be issued a dividend of $0.1875 per share. This is an increase from Delta Air Lines's previous quarterly dividend of $0.15. This represents a $0.75 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, July 31st. Delta Air Lines's dividend payout ratio is presently 10.87%.

Delta Air Lines Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.